In this paper we introduce a transformation of the Edgeworth-Sargan series expansion of the Gaussian distribution, that we call Positive Edgeworth-Sargan (PES). The main advantage of this new density is that it is well defined for all values in the parameter space, as well as it integrates up to...

The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...

The aim of the research on which this paper is based was to investigate, and where possible measure, the effects of policies of marketisation and privatisation of the telecommunication and the oil and gas industries in Croatia with respect to their business efficiency, management, employment...

The first publication in the LSEE Papers series, Tim Judah's stimulating paper on the emergence of increased cooperation and links across the former Yugoslavia, initiated a lively debate in the region itself and also further abroad. Keen to maintain this momentum with the second issue we are...

This study attempts to give the reader an understanding of social stratification in the Gulf Cooperation Council (GCC) states – Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates and Oman. Using the principal–agent theoretical framework for examining both the socio-economic...

This paper looks at the current state of relations between Iran and the states of the Gulf Cooperation Council (GCC) and places these relations in their recent historical context, aiming to tease out their underlying dynamics and likely future evolution. In particular, the paper examines the...

Since the early 2000s the number and size of sovereign wealth funds (SWF) have grown substantially. A large proportion of these government-owned and government-run funds were created by oil producing countries in the Gulf region and elsewhere. These funds have made some high-profile investments...